29 March: Sales Traders Commentary ; Edelweiss

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Sales Traders Commentary

On Wednesday, the Sensex shed more than half of Tuesday’s gains due to profit booking by investors and weak global trend, though it was a volatile session ahead of F&O expiry. Both Sensex and Nifty dipped 0.80% each. Selling was seen in consumer durables, financials, PSU, realty and oil&gas stocks.
The Sensex closed at 17121, down 136 points while Nifty slipped 48 points to end the day at 5194.
Major gainers were Tata Steel (2.02%), G A I L (India) (0.63%), Maruti Suzuki India (0.54%), I T C (0.53%), Larsen & Toubro (0.36%), and Wipro (0.28%).
Major losers were Oil & Natural Gas Corporation (2.75%), Hindalco Industries (2.75%), Sterlite Industries (India) (2.32%), State Bank Of India (2.28%), I C I C I Bank (2.05%), and NTPC (1.61%).
The FMCG index jumped 0.29%. Major gainers were Marico (1.57%), Colgate-Palmolive (India) (1.32%), United Breweries (0.53%), I T C (0.53%), and Godrej Consumer Products (0.28%).
The Consumer Durables index slipped 3.32%. Major losers were Gitanjali Gems (7.87%), Titan Industries (5.8%), C.Mahendra Exports (3.35%), Blue Star (0.54%), and Whirlpool Of India (0.37%).
The Bankex was down 1.73%. Major losers were Bank Of India(4%), I C I C I Bank (2.05%), Federal Bank (1.48%), Bank Of Baroda (0.94%) and H D F C Bank (0.92%).
The PSU index was down 1.58%. Major losers were Bank Of India(4%), Allahabad Bank (3.12%), Andhra Bank (3.06%), Bank Of Baroda (0.94%), and Balmer Lawrie & Company (0.55%).
Major losers in the mid–cap space were Aban Offshore (2.87%), A I A Engineering (1.31%), Alstom Projects India (1.17%), CORE Education and Technologies (0.76%), and A B G Shipyard (0.33%).
Major losers among small caps were Adhunik Metaliks (6.76%), Action Construction Equipment (6.5%), Trident (2.89%), A2Z Maintenance & Engineering Services (0.67%), and INEOS ABS (India) (0.54%).
Globally, Asian indices ended on a negative note, while European indices were trading higher